San Juan VA Loan Rates, Closing Costs & Stats

SAN JUAN-BAYAMÓN-CAGUAS, PR

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    • A VA loan is a mortgage loan that’s backed by the Department of Veterans Affairs (VA) for those who have served or are presently serving in the U.S. military. The VA does not directly lend, it guarantees the loans made by private lenders to veterans, active military personnel, and qualifying military spouses.

    The most obvious benefit of VA loans is that no downpayment is necessary to purchase a home. They will also typically have significantly lower fees-- meaning that if you're eligible to receive a VA loan, it will likely be the most favorable option. VA loans come in 3 varities: purchase, refinance and cash out refis.

    For additional benefits of VA loans, click here.

    San Juan's 26 lenders originated 553 VA loans during 2024. The total origination value was $136,555,000, with an average VA loan value of $246,935.

    San Juan VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in San Juan averaged 6.41% for the week of 2025-04-25, compared to the national average (all VA variants) of 6.452% for the same period.

    San Juan's average VA mortgage closing costs are $8,337.

    The average rate for the prior week (2025-04-18) was 6.74% and one month ago for the week of 2025-03-21, the average rate was 6.43%.

    The average rate one year ago was 6.92%.

    For refis of the same type during the week of 2025-04-25, the average rate was 6.52%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    San Juan VA Loan Lenders by Rates & Fees

    The below table looks at the average fees/closing costs and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the San Juan level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Banco Popular de Puerto Rico 119 5.28% $10,773
    PENTAGON FEDERAL CREDIT UNION 99 5.85% $12,318
    FIRSTBANK PUERTO RICO 53 5.28% $12,782
    THE MONEY HOUSE INC. 46 6.49% $7,973
    PREFERRED MORTGAGE CORPORATION 39 6.60% $7,806
    Oriental Bank 32 5.40% $9,751
    METRO ISLAND MORTGAGE, INC. 19 6.21% $10,307
    E.M.I. EQUITY MORTGAGE, INC. 14 6.50% $5,529
    HOME MORTGAGE BANKERS CORP. 14 6.91% $11,975
    FIRST EQUITY MORTGAGE BANKERS, INC. 14 6.73% $12,312
    HR MORTGAGE CORP. 10 6.80% $7,076
    TRUST MORTGAGE, CORP 9 6.17% $10,504
    SUN WEST MORTGAGE COMPANY, INC. 9 6.63% $10,921
    RM ACTUAL MORTGAGE, INC. 7 6.39% $9,667
    Rf Mortgage & Investment Corp 6 6.75% $10,464
    VIG MORTGAGE CORPORATION 5 6.45% $10,865
    Equity Prime Mortgage LLC 5 6.65% $17,285
    Capital Mortgage Services Corp. 5 6.75% $13,860
    CROSSCOUNTRY MORTGAGE, LLC 4 6.25% $20,446
    CALCON MUTUAL MORTGAGE LLC 4 5.44% $15,952
    EVERETT FINANCIAL, INC. 3 6.54% $7,499
    The Lending Center Corporation 2 6.75% $13,067
    Senior Mortgage Bankers Inc 2 6.50% $16,398
    COOPERATIVA DE AHORRO Y CREDITO VEGA ALTA 1 6.75% $5,124
    BROKER SOLUTIONS, INC. 1 6.00% $8,246
    CARIBE FEDERAL CREDIT UNION 1 6.00% $12,742

    The top San Juan VA lender as defined by loan originations is Banco Popular de Puerto Rico, with 119 VA loans originated. Their average total fees are $10,773, which is $1,545 lower than the next largest lender, PENTAGON FEDERAL CREDIT UNION.

    The lowest fee San Juan VA lenders (with over 10 loans originated) are E.M.I. EQUITY MORTGAGE, INC. ($5,529), HR MORTGAGE CORP. ($7,076), PREFERRED MORTGAGE CORPORATION ($7,806), THE MONEY HOUSE INC. ($7,973) and Oriental Bank ($9,751).

    The lowest rate San Juan VA lenders (with over 10 loans originated) are FIRSTBANK PUERTO RICO (5.28%), Banco Popular de Puerto Rico (5.28%), Oriental Bank (5.40%), PENTAGON FEDERAL CREDIT UNION (5.85%) and METRO ISLAND MORTGAGE, INC. (6.21%).

    VA Loan Features

  • No down payment required
  • Negotiable and competitive interest rate.
  • Ability to finance the VA funding fee (plus reduced funding fees with a down payment of at least 5 percent and exemption for veterans receiving VA compensation).
  • VA rules limit the amount you can be charged for closing costs.
  • Closing costs are comparable with other financing types (and may be lower).
  • Closing costs may be paid by the seller.
  • No private mortgage insurance premiums are required.
  • An assumable mortgage.
  • Right to prepay your mortgage without penalty.
  • For homes inspected by VA during construction, a warranty from builder and assistance from VA to obtain cooperation of builder.
  • VA assistance to veteran borrowers in default due to temporary financial difficulty.